Coin Grading for Gold IRA - How picky are you all?

Jennifer Martinez

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Coin Grading for Gold IRA - How picky are you all?

jennifer_martinez💰Established (100-250k)

about 2 months ago

Key Takeaways

•I've been building up my Gold IRA for a few years now, slowly but surely adding to it as I can.
•Got about $180k in there currently, mostly American Gold Eagles and some Canadian Maples.
•I'm a real estate agent down here in Miami, so a lot of my income is commission-based, which can be feast or famine sometimes.

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I've been building up my Gold IRA for a few years now, slowly but surely adding to it as I can. Got about $180k in there currently, mostly American Gold Eagles and some Canadian Maples. I'm a real estate agent down here in Miami, so a lot of my income is commission-based, which can be feast or famine sometimes. Building this nest egg is paramount for my retirement, especially with how things are with inflation these days.

My question for all of you is about coin grading. When you’re buying for your Gold IRA, how particular are you about the grade of your coins? I get that for numismatic value, grading is everything. But for a Gold IRA, where the value is primarily based on the precious metal content, is MS69 vs. MS70 really that big of a deal? I’m looking at these premiums and seeing some pretty significant jumps for a 'perfect' coin, and frankly, I'm trying to maximize my gold ounces for the long haul.

Is anyone here specifically trying to get MS70s for their IRA, or are you generally happy with MS69 or even unslabbed, still-eligible bullion? I’ve been mostly sticking with reputable dealers and getting graded coins, but the thought always crosses my mind about whether I'm spending too much on the "perfect" score. I'm using the Tax Calculator quite a bit to keep track of my tax implications on all my investments, and those premiums really add up in the long run.

What's your strategy? Do you think the slightly higher premium for a perfect grade is worth it for potential resale down the line, even within the confines of an IRA? Or is it better to just get good, solid bullion and focus on accumulation? Thoughts would be appreciated!

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3 comments

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Best Answer▲ 10 upvotes

carol_carter💰Established (100-250k)

Hey, that's a solid chunk of change in there! Good to hear. Quick question though, you mentioned American Gold Eagles and Canadian Maples. Are you specifically buying those because of their purity for IRA eligibility, or is there another reason you're leaning into those particular coins?

Comments (3)

ashley_baker💼Starter (0-50k)✓ Verified•about 2 months ago

Hey, that's a good question. I've been in a similar spot. When I first started with my Gold IRA, I was super picky, like scrutinizing every little detail on the Eagles. Almost to the point of being a pain for the dealer, haha.

Honestly, once I got a few years in and the portfolio grew, I realized it's less about the microscopic grading and more about just getting the approved weight and purity in there. Still want nice coins, of course, but I'm not losing sleep over a tiny imperfection that has zero impact on its IRA eligibility or its value as an investment.

carol_carter💰Established (100-250k)Real Investor•about 2 months ago

daniel_wright💎Premium (500k-1m)Real Investor✓ Verified•about 2 months ago

Honestly, I think some people get a *little* too caught up in the grading for IRA gold. It's not like you're building a rare coin collection for numismatic value; it's a retirement investment. As long as it meets the fineness requirements, is it really going to matter that much if it's MS69 vs. MS70 when you go to sell in 20 years? Just my two cents.

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